How has Cyprus regulated energy storage facilities?

Secondly, we have initiated significant regulatory reforms. The Cyprus Energy Regulatory Authority (CERA) has instructed our system operators to amend their rules, allowing the participation of energy storage facilities in our electricity market since November 2024.

Does Cyprus have a Hydrogen strategy?

Cyprus plans to integrate 150 MW of hybrid storage capacity alongside renewable projects. On hydrogen solutions, the minister announced a public consultation on the National Hydrogen Strategy, exploring hydrogen’s role in transport and renewable markets despite challenges like water scarcity and infrastructure needs.

Why is Cyprus reshaping its energy strategy?

Consequently, all countries, including Cyprus, are dynamically reshaping their energy strategies to reflect new geopolitical realities, secure their energy supply, and address the need for affordable energy.

What are Cyprus' storage plans?

The minister outlined key strategies, including regulatory reforms and €40 million in funding for storage systems under EU-backed programs. Cyprus plans to integrate 150 MW of hybrid storage capacity alongside renewable projects.

What are the challenges to developing the hydrogen sector in Cyprus?

Despite its potential, we must realistically acknowledge the significant challenges, specific to developing the hydrogen sector in Cyprus: Water scarcity is a critical concern, as the production of green hydrogen through electrolysis requires substantial amounts of clean water (9 to 15 kg of water per 1 kg of green hydrogen).

Is direct electrification a viable option for Cyprus?

Notably, direct electrification represents the most suitable option for Cyprus, particularly considering our island’s renewable energy potential, since electrification in passenger road transport is more energy and cost-efficient than hydrogen use in this sector.